Indonesia's Financial Services Authority announced it will appoint an acting President Director of the Indonesia Stock Exchange to ensure continuity of leadership, strategic decision-making and operational stability following the resignation of Iman Rachman. The regulator said the resignation will not disrupt exchange trading operations and urged investors to remain calm and rational in their investment decisions. The authority also set out a reform agenda for Indonesia’s capital market to be implemented with the market’s self-regulatory organisations, including applying transparency requirements for shareholdings below 5%, increasing the minimum free float requirement to 15%, pursuing demutualisation, and strengthening law enforcement and governance. OJK said it aims to address concerns raised by MSCI by before May 2026 and will base staff at the Indonesia Stock Exchange during this process.
OJK 2026-01-30
Indonesia's Financial Services Authority to appoint acting Indonesia Stock Exchange CEO after Iman Rachman resignation and raise free float requirement to 15%
Indonesia's Financial Services Authority will appoint an acting President Director of the Indonesia Stock Exchange following Iman Rachman's resignation, ensuring operational stability. The authority outlined a reform agenda to enhance transparency, increase the minimum free float requirement, pursue demutualisation, and strengthen governance, aiming to address MSCI concerns by May 2026.